RATE Group | Betting against Bitcoin for next 5 years is not wise: Spencer Bogart
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Betting against Bitcoin for next 5 years is not wise: Spencer Bogart

04 Dec Betting against Bitcoin for next 5 years is not wise: Spencer Bogart

Posted at 02:40h in Bitcoin News by

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Bitcoin’s volatile price movement over the month of November has many in the community split over what they think will be the future of Bitcoin. Blockchain Capital’s Spencer Bogart is the latest to speculate on the king coin’s future after Bitcoin’s valuation registered a 6-month low at $6500, with the coin failing to respond with a higher price pump afterward.

According to Spencer Bogart, General Partner at Blockchain Capital, the community should not cave in to the market’s current bearish outlook.

In a recent interview with Bloomberg TV, Bogart explained that betting against Bitcoin for the next five years may not be a wise approach for potential investors. According to Bogart, over the past five years, the world’s largest crypto-asset has grown in popularity, with the value of the processed transactions improving as well. Hence, it is unlikely for Bitcoin to not be as successful in the coming five years, when compared to the last 60 months.

The…

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